Sternberg Ophir's Form 4 filing
BurgerFi International, Inc. (BFI) · filed Jan 4, 2022
- Accession no.
- 0000899243-22-000636
- Filed
- Jan 4, 2022
- Trade date
- Dec 31, 2021-Jan 4, 2022
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 4 non-derivative transactions and 5 derivative transactions. Open-market purchases total $305.7K. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Sternberg OphirCIK 0001793414 | Director, Officer (Executive Chairman) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 1, 2022 | Common Stock | MOption exerciseAcquired | +50,000 | –F2 | – | 100,000 | Direct | |
| Jan 3, 2022 | Common Stock | PPurchaseAcquired | +28,696 | $6.19F3 | +$177,628.24 | 128,696 | Direct | |
| Jan 3, 2022 | Common Stock | AGrant or awardAcquired | +303,956 | $0.00 | $0 | 432,652 | Direct | |
| Jan 4, 2022 | Common Stock | PPurchaseAcquired | +21,304 | $6.01F4 | +$128,037.04 | 453,956 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | Common Stock | PPurchaseAcquired | +88 | $0.67 | +$58.96 | 88 | Direct | |
| Jan 3, 2022 | Common Stock | PPurchaseAcquired | +50,000 | $0.79F9 | +$39,500 | 50,088 | Direct | |
| Jan 4, 2022 | Common Stock | PPurchaseAcquired | +9,912 | $0.75F10 | +$7,434 | 60,000 | Direct | |
| Jan 1, 2022 | Common Stock | AGrant or awardAcquired | +511,000 | $0.00 | $0 | 900,000 | Direct | |
| Jan 1, 2022 | Common Stock | MOption exerciseDisposed | −50,000 | $0.00 | $0 | 850,000 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
Referenced by the price of 1 transaction in Table I.
- F3
The price reported in Column 4 is a weighted average price. These shares were purchased in 67 separate transactions with prices ranging from $6.15 to $6.22 for an average weighted purchase price of $6.194272. The reporting person undertakes to provide the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were purchased in 111 separate transactions with prices ranging from $6.00 to $6.05 for an average weighted purchase price of $6.014073. The reporting person undertakes to provide the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F9
The price reported in Column 8 is a weighted average price. These warrants were purchased in 18 separate transactions with prices ranging from $0.75 to $0.80 for an average weighted purchase price of $0.794147. The reporting person undertakes to provide the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table II.
- F10
The price reported in Column 8 is a weighted average price. These warrants were purchased in 17 separate transactions with prices ranging from $0.70 to $0.7799 for an average weighted purchase price of $0.745682. The reporting person undertakes to provide the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table II.
Remarks
EXHIBIT LIST: Exhibit 24 - Power of Attorney